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CRISIL ratings for Indian debt instruments-Nov 11

    Nov 11  - Below are the ratings awarded by Credit Rating Information Service of India
(CRISIL) for local debt instruments as of November 10, 2020.


COMPANY                               INSTRUMENT         RATING        AMOUNT  MOVEMENT
                                                                       (RS.MLN)
------                                ----------         ------        -----   ---------
SHORT TERM RATINGS:
-------------------
Anil Kumar and Company                 BG                CRISIL A4     1000   Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Astron International Pvt Ltd           BG                CRISIL A3     30     Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Astron International Pvt Ltd           LOC               CRISIL A3     365    Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Astron Zircon Pvt Ltd                  BG                CRISIL A3     10     Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Astron Zircon Pvt Ltd                  LOC               CRISIL A3     150    Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Axolo Ceramic Pvt Ltd                  LOC               CRISIL A3     20     Migrated from
                                                                              CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
BBR India Pvt Ltd                      BG                CRISIL A4     115    Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
BBR India Pvt Ltd                      LOC               CRISIL A4     15     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Binanda Kalita                         BG                CRISIL A4     180    Reaffirmed
Comfia Industries Pvt Ltd              LOC               CRISIL A3     35     Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Contemporary Brokers Pvt Ltd           ST Loan           CRISIL A4     40     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Exicom Tele-Systems Ltd                BG                CRISIL A3     160    Reaffirmed
Exicom Tele-Systems Ltd                Inland Guarantees CRISIL A3     140    Reaffirmed
Exicom Tele-Systems Ltd                Inland/Import LOC CRISIL A3     190    Reaffirmed
Exicom Tele-Systems Ltd                LOC               CRISIL A3     50     Reaffirmed
Exicom Tele-Systems Ltd                Proposed BG       CRISIL A3     80     Reaffirmed
Exicom Tele-Systems Ltd                Proposed LOC      CRISIL A3     70     Reaffirmed
Fishfa Glass Centre                    LOC               CRISIL A4+    30     Reaffirmed
Fresco Plus Ceramic Pvt Ltd            BG                CRISIL A4     5      -
(Issuer Not Cooperating)
Galaxy Transmissions Pvt Ltd           BG                CRISIL A4     430.8  -
(Issuer Not Cooperating)
Galaxy Transmissions Pvt Ltd           Inland/Import LOC CRISIL A4     100    -
(Issuer Not Cooperating)
General Traders                        Inland/Import LOC CRISIL A4     10.8   -
(Issuer Not Cooperating)
Guru Kirpa Agro Foods                  Proposed NFBL     CRISIL A4     0.6    -
(Issuer Not Cooperating)
Grasim Premium Fabric Pvt Ltd          ST Bk Fac         CRISIL        75     -
                                                         A1+/Watch
                                                         Positive
(Continues on 'Rating Watch with Positive Implications')
Hav Automobiles Pvt Ltd                Proposed ST Bk    CRISIL A4     12     -
                                       Loan Fac
(Issuer Not Cooperating)
Heera Panna Communications Pvt Ltd     BG                CRISIL A4     25     -
(Issuer Not Cooperating)
Hi - Tech Packaging                    Foreign LOC       CRISIL A4     22.5   -
(Issuer Not Cooperating)
Ideal Dealers Pvt Ltd                  Proposed ST Bk    CRISIL A4     10     Revised from
                                       Loan Fac                               CRISIL A4+
(Issuer Not Cooperating)
Imperial Granites Pvt Ltd              BG                CRISIL A4     5      -
(Issuer Not Cooperating)
Imperial Granites Pvt Ltd              LOC               CRISIL A4     17     -
(Issuer Not Cooperating)
Indraprastha Logistics Pvt Ltd         BG                CRISIL A4     20     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Industrial Equipments & Services       BG                CRISIL A4     2      -
(Issuer Not Cooperating)
Industrial Equipments & Services       Proposed LOC      CRISIL A4     60.5   -
(Issuer Not Cooperating)
Industrial Equipments & Services       Proposed Packing  CRISIL A4     7.5    -
                                       Credit
(Issuer Not Cooperating)
Inyati Footwears Ltd                   Packing Credit in CRISIL A4     50     -
                                       Foreign Currency
(Issuer Not Cooperating)
Jai Jalpesh Flour Mills Pvt Ltd        BG                CRISIL A4     5      -
(Issuer Not Cooperating)
Jubilant Life Sciences Ltd             CP                CRISIL A1+    4000   Reaffirmed
K.A.I.G. Constructions Pvt Ltd         BG                CRISIL A4     45     -
(Issuer Not Cooperating)
Lakme Vitrified LLP                    BG                CRISIL A4+    37     Reaffirmed
Lancosa Ceramic LLP                    BG                CRISIL A4+    20     Migrated from
                                                                              CRISIL A4
(Issuer Not Cooperating)
Nous Infosystems Pvt Ltd               Packing Credit in CRISIL A3+    250    Reaffirmed
                                       Foreign Currency
Pearl Insulations Pvt Ltd              BG                CRISIL A4     40     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Pearl Insulations Pvt Ltd              LOC               CRISIL A4     60     Revised from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Quantas Glass And Ceramic Pvt Ltd      LOC               CRISIL A3     26     Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
QVC Exports Pvt Ltd                    Export Packing    CRISIL A4     120    -
                                       Credit
(Issuer Not Cooperating)
QVC Exports Pvt Ltd                    LOC               CRISIL A4     80     -
(Issuer Not Cooperating)
Rajkamal Builders Infrastructure Pvt   BG                CRISIL A4     2650   Revised from
Ltd                                                                           CRISIL A4+
(Issuer Not Cooperating)
S. K. Yewale & Co.                     BG                CRISIL A4+    30     Reaffirmed
Saft India Pvt Ltd                     BG                CRISIL A4     100    -
(Issuer Not Cooperating)
Saft India Pvt Ltd                     LOC               CRISIL A4     25     -
(Issuer Not Cooperating)
Shree Shakti Ceramics - Mehsana        LOC               CRISIL A3     20     Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Sky Industries Ltd                     LOC               CRISIL A4+    50     Reaffirmed
Spire Cera-Frit Pvt Ltd                BG                CRISIL A3     20     Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Spire Cera-Frit Pvt Ltd                LOC               CRISIL A3     40     Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
SRM Construction                       BG                CRISIL A4+    70     Assigned
Sunrise Glass Industries Pvt Ltd       BG                CRISIL A3     10     Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Sunrise Glass Industries Pvt Ltd       LOC               CRISIL A3     70     Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Sunrise Silichem Industries Pvt Ltd    LOC               CRISIL A3     50     Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Superking Glass and Ceramic Pvt Ltd    LOC               CRISIL A3     20     Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)
Tessolve Semiconductor Pvt Ltd         BG                CRISIL A3+    25     Reaffirmed
Tessolve Semiconductor Pvt Ltd         Standby LOC       CRISIL A3+    90     Reaffirmed
Zirconia Cera Tech Glazes              BG                CRISIL A3     15     Migrated from
                                                                              CRISIL A4+
(Issuer Not Cooperating)






LONG TERM RATINGS:
-------------------
A.S.Pharma Pvt Ltd                     CC                CRISIL        200    Reaffirmed
                                                         BB+/Stable
Alomex Profiles Pvt Ltd                BG                -             10     Withdrawn
(Issuer Not Cooperating)
Alomex Profiles Pvt Ltd                CC                -             60     Withdrawn
(Issuer Not Cooperating)
Alomex Profiles Pvt Ltd                LOC Bill          -             20     Withdrawn
                                       Discounting
(Issuer Not Cooperating)
Ampa Housing Development Pvt Ltd       Lease Rental      CRISIL        761.8  Downgraded
                                       Discounting Loan  B+/Watch             from CRISIL
                                                         Developing           BB-/Stable
(Placed on 'Rating Watch with Developing Implications)
Ampa Housing Development Pvt Ltd       Proposed LT Bk    CRISIL        120    Downgraded
                                       Loan Fac          B+/Watch             from CRISIL
                                                         Developing           BB-/Stable
(Placed on 'Rating Watch with Developing Implications)
Anil Kumar and Company                 Overdraft         CRISIL        100    Revised from
                                                         B/Stable             CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
Arudra Engineers Pvt Ltd               Ratings           -             -      -
(Arudra Engineers Private Limited has now initiated cooperation, has confirmed timeliness in
debt servicing for October 2020 and has also provided ‘No Default Statement’ dated November 03,
2020.)
Astron International Pvt Ltd           CC                CRISIL        135    Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Astron Zircon Pvt Ltd                  CC                CRISIL        327.5  Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Astron Zircon Pvt Ltd                  Proposed LT Bk    CRISIL        62.5   Migrated from
                                       Loan Fac          BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Avaada Solarise Energy Pvt Ltd         Proposed BG       -             225    Withdrawn
(Rating Reaffirmed and Withdrawn)
Avaada Solarise Energy Pvt Ltd         Proposed TL       -             5      Withdrawn
(Rating Reaffirmed and Withdrawn)
Avaada Solarise Energy Pvt Ltd         TL                -             5140   Withdrawn
(Rating Reaffirmed and Withdrawn)
Avaada Solarise Energy Pvt Ltd         WC Fac            -             130    Withdrawn
(Rating Reaffirmed and Withdrawn)
Axolo Ceramic Pvt Ltd                  CC                CRISIL        45     Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Axolo Ceramic Pvt Ltd                  Proposed LT Bk    CRISIL        25     Migrated from
                                       Loan Fac          BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
BBR India Pvt Ltd                      CC                CRISIL        20     Revised from
                                                         B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Binanda Kalita                         CC                CRISIL        30     Downgraded
                                                         B/Stable             from CRISIL
                                                                              B+/Stable
Comfia Industries Pvt Ltd              CC                CRISIL        70     Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Comfia Industries Pvt Ltd              Proposed LT Bk    CRISIL        40     Migrated from
                                       Loan Fac          BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Contemporary Brokers Pvt Ltd           CC                CRISIL        160    Revised from
                                                         B/Stable             CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Contemporary Brokers Pvt Ltd           Proposed LT Bk    CRISIL        10     Revised from
                                       Loan Fac          B/Stable             CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Cori Engineers Pvt Ltd                 Ratings           -             -      -
(Cori Engineers Private Limited has now initiated cooperation, has confirmed timeliness in debt
servicing for October 2020 and has also provided ‘No Default Statement’ dated November 03,
2020.)
Crackers India (Alloys) Ltd            CC                CRISIL C      40     -
(Issuer Not Cooperating)
Crackers India (Alloys) Ltd            Proposed LT Bk    CRISIL C      39.8   -
                                       Loan Fac
(Issuer Not Cooperating)
Crackers India (Alloys) Ltd            WC TL             CRISIL C      20.2   -
(Issuer Not Cooperating)
Dev Prayag Paper Mill Pvt Ltd          CC                CRISIL        20     -
                                                         B/Stable
(Issuer Not Cooperating)
Dev Prayag Paper Mill Pvt Ltd          TL                CRISIL        70     -
                                                         B/Stable
(Issuer Not Cooperating)
Devanshi Powers Ltd                    CC                CRISIL D      140    -
(Issuer Not Cooperating)
Devanshi Powers Ltd                    Proposed LT Bk    CRISIL D      20     -
                                       Loan Fac
(Issuer Not Cooperating)
Devendran Plastic Pvt Ltd              CC                CRISIL        170    Reaffirmed
                                                         B+/Stable
Devendran Plastic Pvt Ltd              LT Loan           CRISIL        80     Reaffirmed
                                                         B+/Stable
Devendran Plastic Pvt Ltd              Non-FBL           CRISIL        160    Reaffirmed
                                                         B+/Stable
Devendran Plastic Pvt Ltd              Proposed LT Bk    CRISIL        86     Reaffirmed
                                       Loan Fac          B+/Stable
Dukes Products India Ltd               WC Demand Loan    CRISIL        150    Revised from
                                                         B/Stable             CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Dwarkadheesh Haveli Builders           TL                CRISIL D      85     -
(Issuer Not Cooperating)
East India Packaging Pvt Ltd           CC                CRISIL        37.8   -
                                                         B+/Stable
(Issuer Not Cooperating)
East India Packaging Pvt Ltd           LT Loan           CRISIL        71.6   -
                                                         B+/Stable
(Issuer Not Cooperating)
East India Packaging Pvt Ltd           Proposed LT Bk    CRISIL        0.6    -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Edimannickal Jewellery                 CC                CRISIL        56     -
                                                         B+/Stable
(Issuer Not Cooperating)
Edimannickal Jewellery                 Proposed LT Bk    CRISIL        43     -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Empire Spices and Foods Ltd            CC                CRISIL        180    Upgraded from
                                                         BBB/Stable           CRISIL
                                                                              BBB-/Positive
Empire Spices and Foods Ltd            Proposed WC Fac   CRISIL        50     Upgraded from
                                                         BBB/Stable           CRISIL
                                                                              BBB-/Positive
Empire Spices and Foods Ltd            TL                CRISIL        280    Upgraded from
                                                         BBB/Stable           CRISIL
                                                                              BBB-/Positive
Exicom Tele-Systems Ltd                CC                CRISIL        310    Reaffirmed
                                                         BBB-/Negative
Exicom Tele-Systems Ltd                Proposed CC Limit CRISIL        400    Reaffirmed
                                                         BBB-/Negative
Express Infratech Pvt Ltd              CC                CRISIL        142    -
                                                         B+/Stable
(Issuer Not Cooperating)
Fishfa Glass Centre                    CC                CRISIL        30     Reaffirmed
                                                         BB/Stable
Fishfa Glass Centre                    Proposed LT Bk    CRISIL        20     Reaffirmed
                                       Loan Fac          BB/Stable
Fresco Plus Ceramic Pvt Ltd            CC                CRISIL        22.5   -
                                                         B/Stable
(Issuer Not Cooperating)
Fresco Plus Ceramic Pvt Ltd            Proposed TL       CRISIL        37.5   -
                                                         B/Stable
(Issuer Not Cooperating)
Fresco Plus Ceramic Pvt Ltd            TL                CRISIL        60     -
                                                         B/Stable
(Issuer Not Cooperating)
G. D. Builders                         LT Bk Fac         CRISIL        100    -
                                                         B+/Stable
(Issuer Not Cooperating)
Galaxy Transmissions Pvt Ltd           CC                CRISIL        130    -
                                                         B+/Stable
(Issuer Not Cooperating)
Galaxy Transmissions Pvt Ltd           Channel Financing CRISIL        160    -
                                                         B+/Stable
(Issuer Not Cooperating)
Galaxy Transmissions Pvt Ltd           Rupee TL          CRISIL        9.2    -
                                                         B+/Stable
(Issuer Not Cooperating)
Galaxy Transmissions Pvt Ltd           WC Demand Loan    CRISIL        90     -
                                                         B+/Stable
(Issuer Not Cooperating)
Ganesh Agencies                        CC                CRISIL        65     -
                                                         B+/Stable
(Issuer Not Cooperating)
Ganesh Diagnostic and Imaging Centre   LT Loan           CRISIL D      74.7   -
Pvt Ltd
(Issuer Not Cooperating)
Ganesh Diagnostic and Imaging Centre   Overdraft         CRISIL D      49.5   -
Pvt Ltd
(Issuer Not Cooperating)
Ganesh Diagnostic and Imaging Centre   Proposed LT Bk    CRISIL D      0.8    -
Pvt Ltd                                Loan Fac
(Issuer Not Cooperating)
Ganganagar Vehicles Pvt Ltd            Drop Line         CRISIL        30     Reaffirmed
                                       Overdraft Fac     BB-/Stable
Ganganagar Vehicles Pvt Ltd            Inventory Funding CRISIL        180    Reaffirmed
                                       Fac               BB-/Stable
Garvit Hospitality & Infracon Pvt Ltd  CC                CRISIL        17.5   -
                                                         B-/Stable
(Issuer Not Cooperating)
Garvit Hospitality & Infracon Pvt Ltd  TL                CRISIL        132.5  -
                                                         B-/Stable
(Issuer Not Cooperating)
Gaur Hari and Co.                      Proposed FB Bk    CRISIL        120    -
                                       Limits            B+/Stable
(Issuer Not Cooperating)
Gayatri Cotton Mills                   CC                CRISIL D      80     -
(Issuer Not Cooperating)
Gayatri Cotton Mills                   Proposed LT Bk    CRISIL D      20     -
                                       Loan Fac
(Issuer Not Cooperating)
General Traders                        CC                CRISIL        40     -
                                                         B+/Stable
(Issuer Not Cooperating)
General Traders                        Proposed CC Limit CRISIL        9.2    -
                                                         B+/Stable
(Issuer Not Cooperating)
Global Kitchens (Kolkata) LLP          BG                -             5      Withdrawn
(Rating Reaffirmed and Withdrawn)
Global Kitchens (Kolkata) LLP          Proposed LT Bk    -             13     Withdrawn
                                       Loan Fac
(Rating Reaffirmed and Withdrawn)
Global Kitchens (Kolkata) LLP          TL                -             117    Withdrawn
(Rating Reaffirmed and Withdrawn)
Global Mercantile Pvt Ltd              LT Loan           CRISIL        150    -
                                                         B-/Stable
(Issuer Not Cooperating)
Gokul Ginning Factory                  CC                CRISIL        50     -
                                                         B+/Stable
(Issuer Not Cooperating)
Golden Apple                           CC                CRISIL        90     -
                                                         B+/Stable
(Issuer Not Cooperating)
Golden Apple                           LT Loan           CRISIL        180    -
                                                         B+/Stable
(Issuer Not Cooperating)
Goldstar Polymers Ltd                  BG                CRISIL D      2.5    -
(Issuer Not Cooperating)
Goldstar Polymers Ltd                  CC                CRISIL D      70     -
(Issuer Not Cooperating)
Goldstar Polymers Ltd                  Proposed BG       CRISIL D      20     -
(Issuer Not Cooperating)
Goldstar Polymers Ltd                  Proposed CC Limit CRISIL D      20     -
(Issuer Not Cooperating)
Gopinath Dairy Products Pvt Ltd        CC                CRISIL D      9      -
(Issuer Not Cooperating)
Gopinath Dairy Products Pvt Ltd        Proposed CC Limit CRISIL D      1      -
(Issuer Not Cooperating)
Gopinath Dairy Products Pvt Ltd        Rupee TL          CRISIL D      300    -
(Issuer Not Cooperating)
Grasim Premium Fabric Pvt Ltd          CC                CRISIL        225    -
                                                         AA+/Watch
                                                         Positive
(Continues on 'Rating Watch with Positive Implications')
Grasim Premium Fabric Pvt Ltd          Proposed LT Bk    CRISIL        227.9  -
                                       Loan Fac          AA+/Watch
                                                         Positive
(Continues on 'Rating Watch with Positive Implications')
Grasim Premium Fabric Pvt Ltd          Rupee TL          CRISIL        46     -
                                                         AA+/Watch
                                                         Positive
(Continues on 'Rating Watch with Positive Implications')
Greenpeace Sustainable Foods Pvt Ltd   Proposed LT Bk    CRISIL        120    -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Guru Kirpa Agro Foods                  CC                CRISIL        88.5   -
                                                         B+/Stable
(Issuer Not Cooperating)
Guru Kirpa Agro Foods                  Proposed FB Bk    CRISIL        8.4    -
                                       Limits            B+/Stable
(Issuer Not Cooperating)
Guru Kirpa Agro Foods                  SME Credit        CRISIL        2.5    -
                                                         B+/Stable
(Issuer Not Cooperating)
Hablis Hotels                          Overdraft         CRISIL        70     -
                                                         B+/Stable
(Issuer Not Cooperating)
Hablis Hotels                          Proposed LT Bk    CRISIL        230    -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Haji Sheik Ismail Educational and      CC                CRISIL D      25     -
Charitable Trust
(Issuer Not Cooperating)
Haji Sheik Ismail Educational and      LT Loan           CRISIL D      105.8  -
Charitable Trust
(Issuer Not Cooperating)
Haji Sheik Ismail Educational and      Proposed LT Bk    CRISIL D      4.2    -
Charitable Trust                       Loan Fac
(Issuer Not Cooperating)
Hakim Kishori Lal Educational and      CC/ Overdraft Fac CRISIL        50     -
Charitable Society                                       B+/Stable
(Issuer Not Cooperating)
Hakim Kishori Lal Educational and      Proposed LT Bk    CRISIL        4.8    -
Charitable Society                     Loan Fac          B+/Stable
(Issuer Not Cooperating)
Hav Automobiles Pvt Ltd                CC                CRISIL        100    -
                                                         B+/Stable
(Issuer Not Cooperating)
Hav Automobiles Pvt Ltd                Drop Line         CRISIL        8      -
                                       Overdraft Fac     B+/Stable
(Issuer Not Cooperating)
Hav Motors Pvt Ltd                     CC                CRISIL        47.5   -
                                                         B+/Stable
(Issuer Not Cooperating)
Hav Motors Pvt Ltd                     Electronic Dealer CRISIL        70     -
                                       Financing         B+/Stable
                                       Scheme(e-DFS)
(Issuer Not Cooperating)
Hav Motors Pvt Ltd                     TL                CRISIL        17.5   -
                                                         B+/Stable
(Issuer Not Cooperating)
Haveli Petroleum                       Overdraft         CRISIL        100    -
                                                         B+/Stable
(Issuer Not Cooperating)
Heera Panna Communications Pvt Ltd     CC                CRISIL        90     -
                                                         B/Stable
(Issuer Not Cooperating)
Heera Panna Communications Pvt Ltd     Proposed LT Bk    CRISIL        5      -
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Hi - Tech Packaging                    CC                CRISIL        30     -
                                                         B+/Stable
(Issuer Not Cooperating)
Hi - Tech Packaging                    Proposed TL       CRISIL        34.2   -
                                                         B+/Stable
(Issuer Not Cooperating)
Hi - Tech Packaging                    TL                CRISIL        13.3   -
                                                         B+/Stable
(Issuer Not Cooperating)
HI Build Coatings Pvt Ltd              CC                CRISIL        160    -
                                                         B+/Stable
(Issuer Not Cooperating)
HI Build Coatings Pvt Ltd              LT Loan           CRISIL        107.6  -
                                                         B+/Stable
(Issuer Not Cooperating)
HI Build Coatings Pvt Ltd              Proposed LT Bk    CRISIL        62.4   -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Himalaya India Developers              LT Loan           CRISIL        50     -
                                                         B/Stable
(Issuer Not Cooperating)
Himalaya India Developers              Proposed LT Bk    CRISIL        50     -
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Hind Polyfabs Pvt Ltd                  CC                CRISIL        75     -
                                                         B+/Stable
(Issuer Not Cooperating)
Hotel Atithi                           Loan Against      CRISIL        120    -
                                       Property          B+/Stable
(Issuer Not Cooperating)
Hotel Raj Park Pvt Ltd                 LT Loan           CRISIL        70.8   -
                                                         B+/Stable
(Issuer Not Cooperating)
Hotel Raj Park Pvt Ltd                 Overdraft         CRISIL        50     -
                                                         B+/Stable
(Issuer Not Cooperating)
Hotel Raj Park Pvt Ltd                 Proposed CC Limit CRISIL        39.2   -
                                                         B+/Stable
(Issuer Not Cooperating)
Hyderabad Handloom Centre              CC                CRISIL C      60     -
(Issuer Not Cooperating)
Ideal Dealers Pvt Ltd                  Electronic Dealer CRISIL        350    Revised from
                                       Financing         B/Stable             CRISIL
                                       Scheme(e-DFS)                          BB/Stable
(Issuer Not Cooperating)
Ideal Dealers Pvt Ltd                  Proposed LT Bk    CRISIL        170    Revised from
                                       Loan Fac          B/Stable             CRISIL
                                                                              BB/Stable
(Issuer Not Cooperating)
IGP Engineers Pvt Ltd                  Ratings           -             -      -
(IGP Engineers Private Limited has now initiated cooperation, has confirmed timeliness in debt
servicing for October 2020 and has also provided ‘No Default Statement’ dated November 03,
2020.)
Imperial Granites Pvt Ltd              CC                CRISIL        90     -
                                                         B+/Stable
(Issuer Not Cooperating)
Imperial Granites Pvt Ltd              Export Packing    CRISIL        55     -
                                       Credit            B+/Stable
(Issuer Not Cooperating)
Imperial Granites Pvt Ltd              Proposed LT Bk    CRISIL        21.5   -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
IMPS Educational Trust                 Proposed LT Bk    CRISIL D      20.1   -
                                       Loan Fac
(Issuer Not Cooperating)
IMPS Educational Trust                 TL                CRISIL D      44.5   -
(Issuer Not Cooperating)
Indian Sales Corporation - Raipur      CC                CRISIL        50     Revised from
                                                         B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Indian Sales Corporation - Raipur      CC/ Overdraft Fac CRISIL        1.5    Revised from
                                                         B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Indian Sales Corporation - Raipur      Channel Financing CRISIL        30     Revised from
                                                         B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Indian Sales Corporation - Raipur      Proposed LT Bk    CRISIL        17.5   Revised from
                                       Loan Fac          B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Indkus Biotech India                   CC                CRISIL        72.5   Revised from
                                                         B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Indkus Biotech India                   TL                CRISIL        2.5    Revised from
                                                         B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Indraprastha Logistics Pvt Ltd         CC                CRISIL        25     Revised from
                                                         B/Stable             CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Indraprastha Logistics Pvt Ltd         TL                CRISIL        185    Revised from
                                                         B/Stable             CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Industrial Equipments & Services       CC                CRISIL        30     -
                                                         B+/Stable
(Issuer Not Cooperating)
Innovation House Industries Pvt Ltd    CC                CRISIL        15     -
                                                         B-/Stable
(Issuer Not Cooperating)
Innovation House Industries Pvt Ltd    TL                CRISIL        135    -
                                                         B-/Stable
(Issuer Not Cooperating)
Inyati Footwears Ltd                   Bill Discounting  CRISIL        100    -
                                                         B+/Stable
(Issuer Not Cooperating)
Inyati Footwears Ltd                   Proposed LT Bk    CRISIL        50     -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
J.M.A.Stores Pvt Ltd                   CC                CRISIL        235    Revised from
                                                         B/Stable             CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Jagsun Agro Commodities Pvt Ltd        Foreign Bill      CRISIL        90     -
                                       Discounting       B/Stable
(Issuer Not Cooperating)
Jai Industries                         CC                CRISIL        60     Revised from
                                                         B/Stable             CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Jai Industries                         Proposed LT Bk    CRISIL        40     Revised from
                                       Loan Fac          B/Stable             CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Jai Jalpesh Flour Mills Pvt Ltd        CC                CRISIL        34     -
                                                         B+/Stable
(Issuer Not Cooperating)
Jai Jalpesh Flour Mills Pvt Ltd        LT Loan           CRISIL        55     -
                                                         B+/Stable
(Issuer Not Cooperating)
Jai Matadi Fashions Pvt Ltd            CC                CRISIL        47.5   -
                                                         B+/Stable
(Issuer Not Cooperating)
Jai Matadi Fashions Pvt Ltd            Proposed LT Bk    CRISIL        17     -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Jai Matadi Fashions Pvt Ltd            TL                CRISIL        5.5    -
                                                         B+/Stable
(Issuer Not Cooperating)
Jai Shiv Food Products Pvt Ltd         CC                CRISIL        90     -
                                                         B+/Stable
(Issuer Not Cooperating)
Jai Shiv Food Products Pvt Ltd         Pledge Loan       CRISIL        100    -
                                                         B+/Stable
(Issuer Not Cooperating)
Jai Shiv Food Products Pvt Ltd         Proposed CC Limit CRISIL        40     -
                                                         B+/Stable
(Issuer Not Cooperating)
Jai Shiv Food Products Pvt Ltd         TL                CRISIL        31.5   -
                                                         B+/Stable
(Issuer Not Cooperating)
Jaideep Trading Company                CC                CRISIL        75     -
                                                         B+/Stable
(Issuer Not Cooperating)
Jaideep Trading Company                Proposed LT Bk    CRISIL        30     -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Jain Industrial Products               CC                CRISIL        60     -
                                                         B+/Stable
(Issuer Not Cooperating)
Jain Industrial Products               Proposed LT Bk    CRISIL        18.5   -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Jain Industrial Products               TL                CRISIL        25     -
                                                         B+/Stable
(Issuer Not Cooperating)
Jajodia Exports Pvt Ltd                CC                CRISIL        75     -
                                                         B+/Stable
(Issuer Not Cooperating)
Jajodia Exports Pvt Ltd                Non-FBL           CRISIL        1.5    -
                                                         B+/Stable
(Issuer Not Cooperating)
Jajodia Exports Pvt Ltd                Proposed FB Bk    CRISIL        3.5    -
                                       Limits            B+/Stable
(Issuer Not Cooperating)
Janardhan Industries Ltd               CC                CRISIL D      45     -
(Issuer Not Cooperating)
Janardhan Industries Ltd               Proposed FB Bk    CRISIL D      13.5   -
                                       Limits
(Issuer Not Cooperating)
Janardhan Industries Ltd               TL                CRISIL D      8      -
(Issuer Not Cooperating)
Jay Enterprises - Mumbai               CC                CRISIL        100    -
                                                         B+/Stable
(Issuer Not Cooperating)
Jay Enterprises - Mumbai               Proposed CC Limit CRISIL        150    -
                                                         B+/Stable
(Issuer Not Cooperating)
Jeet Home Solutions Pvt Ltd            TL                CRISIL D      90     -
(Issuer Not Cooperating)
Jhanwar Rice and Dall Mill             CC                CRISIL        100    Revised from
                                                         B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Jhanwar Rice and Dall Mill             Proposed LT Bk    CRISIL        1.1    Revised from
                                       Loan Fac          B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Jhanwar Rice and Dall Mill             WC Demand Loan    CRISIL        30     Revised from
                                                         B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Johns Pallazzio                        Proposed LT Bk    CRISIL        80     -
                                       Loan Fac          B/Stable
(Issuer Not Cooperating)
Jubilant Life Sciences Ltd             NCD               CRISIL AA     1000   -
(Continues on 'Rating Watch with Developing Implications')
Jubilant Life Sciences Ltd             TL                CRISIL        5100   -
                                                         AA/Watch
                                                         Developing
(Continues on 'Rating Watch with Developing Implications')
Jupax Vanijya Pvt Ltd                  CC                CRISIL        70     -
                                                         B+/Stable
(Issuer Not Cooperating)
K.A.I.G. Constructions Pvt Ltd         Overdraft         CRISIL B+ /   45     -
                                                         Stable
(Issuer Not Cooperating)
KCP Engineers Pvt Ltd                  BG                -             30     Withdrawn
(Issuer Not Cooperating)
KCP Engineers Pvt Ltd                  CC                -             150    Withdrawn
(Issuer Not Cooperating)
KCP Engineers Pvt Ltd                  Overdraft         -             300    Withdrawn
(Issuer Not Cooperating)
KCP Engineers Pvt Ltd                  Proposed BG       -             20     Withdrawn
(Issuer Not Cooperating)
Kevin Dyes & Chemicals Pvt Ltd         Foreign Bill      CRISIL        72     Reaffirmed
                                       Discounting       BB/Stable
Kevin Dyes & Chemicals Pvt Ltd         Proposed LT Bk    CRISIL        8      Reaffirmed
                                       Loan Fac          BB/Stable
Kewal Kiran Clothing Ltd               Proposed LT Bk    CRISIL        200    -
                                       Loan Fac          AA-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Kewal Kiran Clothing Ltd               WC Demand Loan@@  CRISIL        450    -
                                                         AA-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)/@@ Interchangeable with Rs 45 crore of
bank overdraft facility, Rs 45 crore of export bill discounting, Rs 45 crore of export invoice
financing, and Rs 45 crore of pre-shipment financing under export orders
Kewal Kiran Clothing Ltd               WC Demand Loan#   CRISIL        250    -
                                                         AA-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)/# Interchangeable with Rs 25 crore of bank
overdraft facility, Rs 5 crore of import letter of credit, Rs 5 crore of bonds and guarantees,
Rs 5 crore of import invoice financing, Rs 25 crore of export bill discounting, Rs 25 crore of
pre-shipment financing under export letter of credit, Rs 25 crore of export invoice financing,
Rs 5 crore of import letter of credit, and Rs 25 crore of pre-shipment financing under export
orders
Kewal Kiran Clothing Ltd               WC Demand Loan    CRISIL        500    -
                                                         AA-/Negative
(Outlook revised from 'Stable' and rating reaffirmed)
Kissan Solvex Pvt Ltd                  CC                CRISIL        120    -
                                                         B/Stable
(Issuer Not Cooperating)
Lakme Vitrified LLP                    CC                CRISIL        150    Reaffirmed
                                                         BB/Stable
Lakme Vitrified LLP                    Proposed WC Fac   CRISIL        113.2  Reaffirmed
                                                         BB/Stable
Lakme Vitrified LLP                    TL                CRISIL        70     Reaffirmed
                                                         BB/Stable
Lancosa Ceramic LLP                    CC                CRISIL        45     Migrated from
                                                         BB-/Stable           CRISIL
                                                                              B+/Stable
(Issuer Not Cooperating)
Lancosa Ceramic LLP                    LT Loan           CRISIL        134.5  Migrated from
                                                         BB-/Stable           CRISIL
                                                                              B+/Stable
(Issuer Not Cooperating)
Lonestar Industries                    Ratings           -             -      -
(Lonestar Industries has now initiated cooperation, has confirmed timeliness in debt servicing
for October 2020 and has also provided ‘No Default Statement’ dated November 03, 2020.)
Pearl Insulations Pvt Ltd              CC                CRISIL        50     Revised from
                                                         B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Pearl Insulations Pvt Ltd              Proposed LT Bk    CRISIL        14     Revised from
                                       Loan Fac          B/Stable             CRISIL
                                                                              BB-/Stable
(Issuer Not Cooperating)
Quantas Glass And Ceramic Pvt Ltd      CC                CRISIL        70     Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Quantas Glass And Ceramic Pvt Ltd      Proposed LT Bk    CRISIL        17.8   Migrated from
                                       Loan Fac          BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
QVC Exports Pvt Ltd                    CC                CRISIL        20     -
                                                         B+/Stable
(Issuer Not Cooperating)
QVC Exports Pvt Ltd                    Proposed LT Bk    CRISIL        50     -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
R.S.Trust                              LT Loan           CRISIL        28.6   Downgraded
                                                         BB/Stable            from CRISIL
                                                                              BB+/Stable
R.S.Trust                              Overdraft         CRISIL        130    Downgraded
                                                         BB/Stable            from CRISIL
                                                                              BB+/Stable
R.S.Trust                              TL                CRISIL        12     Downgraded
                                                         BB/Stable            from CRISIL
                                                                              BB+/Stable
R.S.Trust                              Proposed LT Bk    CRISIL        9.4    Downgraded
                                       Loan Fac          BB/Stable            from CRISIL
                                                                              BB+/Stable
Rajkamal Builders Infrastructure Pvt   Proposed LT Bk    CRISIL        1337   Revised from
Ltd                                    Loan Fac          B/Stable             CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Rishita Developers Pvt Ltd             LT Loan           -             620    Withdrawn
(Migrated from 'CRISIL B/Stable Issuer not Cooperating'; Rating Withdrawn)
S N C Udyog                            CC                CRISIL        50     Reaffirmed
                                                         B+/Stable
S N C Udyog                            Proposed LT Bk    CRISIL        10     Reaffirmed
                                       Loan Fac          B+/Stable
S. K. Yewale & Co.                     CC                CRISIL        70     Reaffirmed
                                                         BB/Stable
Saft India Pvt Ltd                     CC                CRISIL        45     -
                                                         B+/Stable
(Issuer Not Cooperating)
Saft India Pvt Ltd                     Proposed LT Bk    CRISIL        80     -
                                       Loan Fac          B+/Stable
(Issuer Not Cooperating)
Saft India Pvt Ltd                     TL                CRISIL        50     -
                                                         B+/Stable
(Issuer Not Cooperating)
Shineshilpi Jewellers Pvt Ltd          CC                CRISIL        200    Reaffirmed
                                                         BBB-/Stable
Shree Shakti Ceramics - Mehsana        CC                CRISIL        30     Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Shree Shakti Ceramics - Mehsana        Proposed LT Bk    CRISIL        40     Migrated from
                                       Loan Fac          BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Shri J.G. Cooperative Hospital Society Cash TL           -             65     Withdrawn
Ltd
(Issuer Not Cooperating)
Shri J.G. Cooperative Hospital Society Proposed LT Bk    -             35     Withdrawn
Ltd                                    Loan Fac
(Issuer Not Cooperating)
Sky Industries Ltd                     Overdraft         CRISIL        85     Reaffirmed
                                                         BB+/Stable
Spire Cera-Frit Pvt Ltd                CC                CRISIL        85     Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Spire Cera-Frit Pvt Ltd                Proposed LT Bk    CRISIL        10     Migrated from
                                       Loan Fac          BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Sunrise Glass Industries Pvt Ltd       Bill Discounting  CRISIL        40     Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Sunrise Glass Industries Pvt Ltd       CC                CRISIL        210    Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Sunrise Glass Industries Pvt Ltd       Proposed LT Bk    CRISIL        102.2  Migrated from
                                       Loan Fac          BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Sunrise Glass Industries Pvt Ltd       TL                CRISIL        37.8   Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Sunrise Silichem Industries Pvt Ltd    CC                CRISIL        150    Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Sunrise Silichem Industries Pvt Ltd    Proposed LT Bk    CRISIL        116    Migrated from
                                       Loan Fac          BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Sunrise Silichem Industries Pvt Ltd    TL                CRISIL        204    Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Superking Glass and Ceramic Pvt Ltd    CC                CRISIL        50     Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Superking Glass and Ceramic Pvt Ltd    Proposed LT Bk    CRISIL        15     Migrated from
                                       Loan Fac          BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Superking Glass and Ceramic Pvt Ltd    TL                CRISIL        15     Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Tamilnadu State Transport Corporation  CC                CRISIL        130    -
(kumbakonam) Ltd                                         B-/Stable
(Issuer Not Cooperating)
Tessolve Semiconductor Pvt Ltd         CC                CRISIL        5      Reaffirmed
                                                         BBB/Stable
Tessolve Semiconductor Pvt Ltd         Export Packing    CRISIL        540    Reaffirmed
                                       Credit            BBB/Stable
Tessolve Semiconductor Pvt Ltd         Proposed LT Bk    CRISIL        250    Reaffirmed
                                       Loan Fac          BBB/Stable
Tessolve Semiconductor Pvt Ltd         TL                CRISIL        190    Reaffirmed
                                                         BBB/Stable
Union Steels                           CC                CRISIL        110    Reaffirmed
                                                         BB-/Stable
Zirconia Cera Tech Glazes              CC                CRISIL        70     Migrated from
                                                         BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)
Zirconia Cera Tech Glazes              Proposed LT Bk    CRISIL        15     Migrated from
                                       Loan Fac          BBB-/Stable          CRISIL
                                                                              BB+/Stable
(Issuer Not Cooperating)


--------------------------------------------------------------------------------------------
$: Rating watch with positive implication
#: Rating Watch with Developing implications
@: Rating Watch with Negative Implications
%: Rating under Credit Watch
wd -Rating Stands Withdrawn
sp -Rating Suspended
pp -Principal Protected
pn -Principal Not Protected

CRISIL may apply + or - signs for ratings to reflect a comparative standing within the category.

BG-Bank Guarantee; CC-Cash Credit; CCPS-Cumulative Convertible Preference Share; CD-Certificate
of Deposit; CLO-Collateralized Loan Obligation; CPA-Claims Paying Ability; CP-Commercial
Paper; CPS-convertible preference shares; CRPS- Cumulative Redeemable Convertible Preference
shares; DDB-Deep Discount Bond; EPBI-Exchange premium bond; FBL-Fund Based Limits; FRB/FRN
-Floating Rate Bond/Note; ICD -Inter Corporate Deposit; ITD-Immediate Term Debt; LOC-Letter of
Credit; LT -Long Term; LTB -Long Term Borrowing; LTD -Long Term Debt; MOCD-multiple option
convertible debenture; MTD -Medium term Debenture; MTN-medium term notes; NCD(SO) -
Non-Convertible Debenture-(Structured Obligation); NCD-Non-convertible Debentures; NCRB-Non
Convertible Redeemable Bonds; NM-Not Meaningful; OCD-optionally convertible debenture; OD-Over
Draft; OFCD-Optionally Fully Convertible Debenture; PCD-Partially Convertible Debenture;
PCN-partly convertible notes; PCPS-Partly Convertible Preference Share; POCD-partly optional;
PP-privately placed; PSPC-Post Shipment & Packing Credit; PS-Preference Shares; PTC-Pass
Through Certificates; RPS-Redeemable Preference Shares; SCPN-secured convertible preference
notes; SDO-Structured Debt Obligation; SLR-Statutory Liquidity Ratio; SO-Structured
Obligation; SPCD - Secured Partly Convertible Debentures; SPN-secured premium notes; STB-Short
Term Bond; STD-Short Term Debentures; ST-Short Term; Sub. Bonds-Subordinate Bonds; TB-Taxable
Bond; TFB-Tax Free Bond; TL-Term Loan; TOCD-triple option convertible debentures.

(Mumbai Rate Reporting Unit + 91 22 6180 7222 / 3317 7222 , E-mail at rru.data@refinitiv.com)
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